Mexico's competition watchdog, known as Cofeco, fined cement giant Cemex 10.2 million pesos (US$800,500) for anticompetitive practices in a 2005 dispute regarding the company blocking a shipment of cheap Russian-made cement from entering the country. A rival group tried to import 26,000 tons of the Russian cement into Mexico, but the "Mary Nour" vessel was held up for months at a Mexican port and eventually turned away in 2005 after being blocked by Cemex.

The rival group brought a claim against Cemex in 2006, but the fine was only published by Cofeco this month; Cemex said it would appeal the decision. "Cemex was notified of the commission's resolution about presumed monopolistic practices. We think the resolution is unfounded," said the company.

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About Cement Americas

Cement Americas brings focus to issues affecting cementitious materials suppliers and is a bi-monthly magazine from the publishers of Rock Products. Despite the continued depressed condition of both the U.S. economy and construction activity, gains are being seen in cement consumption in the coming years. Read More